225
Technical Analysis
Bitcoins opens at $44K. It hits lowest at $44K and highest at $45K and stable around $44K ~ $45K. The average transaction fee is $2.75 which is a 5.52% decrease from 08-17-21. Fear and Greed level is at 73.
Here are some highlights to support my analysis:
Bitcoin Value = $35k ~ $45k and my position is Long.
Current News Summary:
Today’s sentimental news and comments:
Bullish News ??
China’s district court contradicted itself when a lawsuit against the state to ban Bitcoin mining. The district court determined Bitcoin as virtual property and cannot compensate because it was unregistered as a currency in the market. Yet Bitcoin mining rigs’ purchases are illegal. Thus, no compensation whatsoever. So Bitcoin is an illegal currency with legal virtual status?!
Palantir starts make Bitcoin their payment option. Bitcoin as an alternative payment method is a safe adoption.
Jack Dorsey go deep into Bitcoin as they started the mining process.
Investors see Bitcoin as digital property. As a property, it is nearly illiquidity to preserve its valuation. However, Bitcoin is very active in trade.
PSV becomes the first football club in the EU to accept Bitcoin as a method of their sponsorship.
Bearish News ??
China continues to crack down on crypto firms domestic.
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You can reference my previous monthly Bitcoin and Ethereum analysis here ????:
Note:some links refer at the beginning of next month that include all previous month links of reports
???? January 2021 Technical Analysis Summary ????
???? February 2021 Technical Analysis Summary ????
???? March 2021 Technical Analysis Summary ????
???? April 2021 Technical Analysis Summary ????
???? May 2021 Technical Analysis Summary ????
???? June 2021 Technical Analysis Summary ????
???? July 2021 Technical Analysis Summary ????
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You can reference my previous daily Bitcoin analysis here ????:
Bitcoin Technical & Sentimental Analysis 07-31-21??
Bitcoin Technical & Sentimental Analysis 08-01-21??
Bitcoin Technical & Sentimental Analysis 08-02-21??
Bitcoin Technical & Sentimental Analysis 08-03-21??
Bitcoin Technical & Sentimental Analysis 08-04-21??
Bitcoin Technical & Sentimental Analysis 08-05-21??
Bitcoin Technical & Sentimental Analysis 08-06-21??
Bitcoin Technical & Sentimental Analysis 08-07-21??
Bitcoin Technical & Sentimental Analysis 08-08-21??
Bitcoin Technical & Sentimental Analysis 08-09-21??
Bitcoin Technical & Sentimental Analysis 08-10-21??
Bitcoin Technical & Sentimental Analysis 08-11-21??
Bitcoin Technical & Sentimental Analysis 08-12-21??
Bitcoin Technical & Sentimental Analysis 08-13-21??
Bitcoin Technical & Sentimental Analysis 08-14-21??
Bitcoin Technical & Sentimental Analysis 08-15-21??
Bitcoin Technical & Sentimental Analysis 08-16-21??
Bitcoin Technical & Sentimental Analysis 08-17-21??
You can reference my Bitcoin methodology here and here.
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You can reference my previous daily Ethereum analysis here ????:
Ethereum Technical & Sentimental Analysis 07-31-21??
Ethereum Technical & Sentimental Analysis 08-01-21??
Ethereum Technical & Sentimental Analysis 08-02-21??
Ethereum Technical & Sentimental Analysis 08-03-21??
Ethereum Technical & Sentimental Analysis 08-04-21??
Ethereum Technical & Sentimental Analysis 08-05-21??
Ethereum Technical & Sentimental Analysis 08-06-21??
Ethereum Technical & Sentimental Analysis 08-07-21??
Ethereum Technical & Sentimental Analysis 08-08-21??
Ethereum Technical & Sentimental Analysis 08-09-21??
Ethereum Technical & Sentimental Analysis 08-10-21??
Ethereum Technical & Sentimental Analysis 08-11-21??
Ethereum Technical & Sentimental Analysis 08-12-21??
Ethereum Technical & Sentimental Analysis 08-13-21??
Ethereum Technical & Sentimental Analysis 08-14-21??
Ethereum Technical & Sentimental Analysis 08-15-21??
Ethereum Technical & Sentimental Analysis 08-16-21??
Ethereum Technical & Sentimental Analysis 08-17-21??
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You can reference my previous daily Dogecoin analysis here ????:
Doge Analysis 01-11-21??
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You can reference my previous weekly Cryptomarket forecast analysis here ????:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21????
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21????
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21????
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21????
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21????
Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21????
Crytomarket Weekly Overview and Forecast 03-05-21 to 03-12-21????
Crytomarket Weekly Overview and Forecast 03-12-21 to 03-19-21????
Crytomarket Weekly Overview and Forecast 03-19-21 to 03-26-21????
Crytomarket Weekly Overview and Forecast 03-26-21 to 04-02-21????
Crytomarket Weekly Overview and Forecast 04-02-21 to 04-09-21????
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Check out my Ah moment here ????:
??Ah moment 05-31-21??
??Ah moment 06-02-21??
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Risk forecast guideline:
Risk Averse means you can use as defense ???
Risk Seeking means you can use as offense ??
Risk Neutral means no decision made and continue seeking opportunities ???
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Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.
